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To boost income, Dubai is wagering on a $35 billion airport project

Apr 29, 2024 | International | 0 comments

Dubai Resumes Construction of New Passenger Terminal at Al Maktoum International Airport

Dubai is gearing up for an anticipated surge in visitor numbers by reviving the construction of a new passenger terminal at Al Maktoum International Airport after a hiatus of several years.

The Emirate’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, has approved the terminal’s designs. According to the Dubai government, the project is expected to require an investment of 128 billion dirhams ($34.8 billion). Al Maktoum International Airport, renowned for hosting the biennial Dubai Air Show, has become a key hub for cargo planes and private jets.

Dubai Airport’s chief executive officer, Paul Griffiths, revealed in an interview that the airport operator is devising strategies to encourage more airlines to shift their operations to the new terminal in the coming years.

Key Points:

Dubai, known as one of the world’s busiest long-haul transit hubs, has witnessed a surge in air traffic surpassing pre-pandemic levels due to increased visitor footfall and a revival in long-haul connecting flights.

Emirates, the city’s flagship carrier, reported record half-year profits extending through September 2023 and has been advocating for the expansion of DWC to accommodate its growth plans and expanding fleet.

Construction on Dubai’s Al Maktoum airport was halted in 2019 amid economic challenges in the Gulf region. The airport is designed to rank among the world’s largest, with an annual capacity exceeding 260 million passengers, according to its operator.

Background:

A recent torrential rainstorm marked the most disruptive weather event in Dubai International (DXB) airport’s 63-year history. Approximately 2,155 flights were cancelled during the deluge, the highest number of cancellations on record.

Griffiths highlighted the unprecedented nature of the disruption, noting that DXB facilitates the journeys of an average of a quarter of a million guests travelling to 250 destinations worldwide on more than 1,100 flights every day.

While DXB has encountered challenging weather conditions in the past, the scale of disruption during this event necessitated a comprehensive and coordinated response from every member of the airport community.

Despite the adverse weather conditions, normal operations at DXB were restored by Monday, April 20, following concerted efforts to mitigate the impact of the rainstorm.

Deborah Dan-Awoh is a seasoned lifestyle analyst with a passion for storytelling. She focuses on people, money, and culture as they relate to business and the economy. When she’s not tracking the latest trends in lifestyle and finance, Deborah enjoys networking with industry experts to gain insights into major markets and their impact on the populace.

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